PJSC LukOil Drilling in Eastern Part of Yu. Korchagin Field
24 July 2018 - 10:59PM
RNS Non-Regulatory
TIDMLKOD
PJSC LukOil
24 July 2018
PRESS-RELEASE
July 24, 2018
LUKOIL DRILLED THE FIRST PRODUCTION WELL IN THE EASTERN PART OF
THE YURY KORCHAGIN FIELD
PJSC "LUKOIL" announces the completion of drilling of the first
production well from the wellhead platform at the Yury Korchagin
field in the Caspian Sea. The well was drilled within the second
field development stage implemented to involve into production the
Eastern part of the field.
The single-bore well with horizontal completion was drilled from
a jack-up rig. The measured depth of the well is 5,217 meters, the
reach is 4,235 meters. The well's initial flow rate is
approximately 500 tons of crude oil per day. The use of a lower
completion system with multi-position inflow control valves
provides for the most efficient use of the well's potential.
In addition, the construction of a 1,408 meters sidetrack was
completed in the single-bore production well #14 under the
additional drilling program within the first field development
stage. The upgraded well with isolated bores will make it possible
to produce crude oil from the original bore and the sidetrack
separately thus increasing the hydrocarbon recovery factor.
The implementation of the Yury Korchagin field's second
development stage and of the additional drilling program at the
first development stage will allow for production increase and
extension of the production plateau at the field.
For reference:
The Yury Korchagin field is the first discovery of the LUKOIL
Group in the North Caspian oil and gas province made in 2000.
Commercial production at the field started in 2010. All offshore
facilities for the development of the field have been built in the
Astrakhan Region.
The development of the field is carried out in two stages.
The first stage includes a fixed offshore ice-resistant platform
with a drilling facility, a living quarter platform and an offshore
transshipment facility.
The second stage includes a wellhead platform (mini-platform),
as well as a multi-phase intra-field pipeline and power cable
connections with the fixed offshore ice-resistant platform of the
first stage.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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